American Express Charge off
Date: Mon, 08/16/2010 - 09:16
I have two accounts with American Express. In the one of the account the balance is about 500 and I am enrolled in a payment plan and I just pulled my credit report and they are reporting it as Collection Account and the statement says Account closed at credit grantors request.
The Other account is Business credit card with american express and I owe about 7500 and I went to Zwicker, NCO and now it is with NCI, this account is being reported as Acount charge off 7491 written off 1150 paast due as of sep 2009.
How would this reflect if I make a settlemt? I heard they do not write off the account but not according to the credit report. Can this be negotiated?
The Other account is Business credit card with american express and I owe about 7500 and I went to Zwicker, NCO and now it is with NCI, this account is being reported as Acount charge off 7491 written off 1150 paast due as of sep 2009.
How would this reflect if I make a settlemt? I heard they do not write off the account but not according to the credit report. Can this be negotiated?
Mine has now been deleted from my cr's about 3 months after my f
Mine has now been deleted from my cr's about 3 months after my final settlement payment. I settled it and then disputed the fact that it still showed a balance. I called Amex's inside credit reporting service and they agreed to delete and did so. It is true that if you want another amex card later, you have to pay off what they wrote off, first.
